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Oliver is a 4 5 - year - old executive who earns $ 3 7 5 , 0 0 0 from his job at Acme

Oliver is a 45-year-old executive who earns $375,000 from his job at Acme Arrows (AA) and contributes the maximum amount to the 401(k) plan. He wants to contribute $6,000 to a Roth IRA for the current year. Assume that Oliver has a traditional IRA with a balance of $10,000 that was funded entirely with pre-tax contributions. How much Oliver could recognize as taxable income when execute the backdoor Roth strategy if he contributed $6,000 to a traditional IRA and then converted that amount to a Roth
Question 4 options:
$4,118
$4,900
$2,882
$2,100

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